Search Results for "transactions"
New Bitcoin Lightning Network Vulnerability Exposed: The Replacement Cycling Attack
A new vulnerability termed as "replacement cycling attack" on the Lightning Network has been unveiled by a developer known as mononaut. The attack manipulates the transaction mechanism of the network, potentially causing financial loss to users. This revelation has led to the resignation of security researcher Antoine Riard from the Lightning Network development team. Despite the challenges, the network's locked-in value stands at $159.5 million, indicating its growing popularity since 2018.
Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown
Okcoin has paused its U.S. dollar wire and ACH deposits due to the regulatory intervention in Signature Bank, Okcoin’s primary partner for customer transactions in dollars. The suspension extends to over-the-counter services, credit card transactions, and trading USD-crypto trading pairs. However, all corporate and customer funds are safe, and USD withdrawal is not affected. The processing pace will be subject to bank operation. All crypto deposit and withdrawal functions remain intact, including those of U.S. dollar-pegged stablecoins.
China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies
Chinese authorities have dismantled a $2.2 billion underground banking network that used cryptocurrencies to bypass financial controls, seizing $28,000 worth of digital currencies.
Blockchain Startup Developed Solution to Crypto's Irreversible Transaction Problem
An Israeli startup has developed a new technology that could prevent the loss of funds caused by human error when sending Bitcoins or other digital assets. The mistake is common as wallet addresses are represented by a unique and random string of alphanumeric characters.
Suspicious Transactions Linked to Mixin Network Hack Involve Huobi and Binance
Cyvers Alerts has discovered suspicious transactions linked to the recent Mixin Network hack. Two hacker addresses received 51 ETH from an account that had interactions with Huobi Global and Binance. The watchdog has called on these exchanges to help identify the suspicious account as part of ongoing investigations.
ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC
Asian Development Bank (ADB) is going to initiate a blockchain-powered project to connect securities depositories and central banks in the APAC region.
StarkNet Updates 2024 Roadmap, Fee Reductions and v3 Transactions Highlighted
StarkNet's 2024 roadmap update includes fee reductions, v3 transactions with STRK payment options, Ethereum EIP-4844 integration, and Volition mode, enhancing scalability and user experience.
India's Government Plans to Bar Cryptocurrency Transactions, but Allow Holding as Assets
India’s government believes that cryptocurrency is here to stay and the focus should entirely be on regulating it, not banning it.
SEC Charges App Developer Abra for Unregistered Security-Based Swaps
Abra and Plutus Tech have agreed to a cease-and-desist order and a combined penalty of $150,000 after being charged by the Securities and Exchange Commission for selling unregistered security-based swaps to investors in 2019.
Coinbase CEO Criticizes Chase UK’s Crypto Transaction Ban
Coinbase CEO, Brian Armstrong, condemns Chase UK's restrictive stance on cryptocurrency transactions, urging UK crypto holders to close their Chase accounts. This move by Chase UK could potentially impede Coinbase's expansion plans in the UK and Europe.
Indian Banks Seeking Clarity from NPCI on the Use of UPI for Crypto Transactions
NPCI’s formal directive on the use of UPI payment method for crypto transactions is unlikely to come soon.
ANZ Bank Pushes Customers Towards Digital, Faces Criticism
ANZ Bank is facing criticism as it discontinues withdrawals and deposits from a number of Australian branches to encourage customers to use digital transactions. Critics suggest this could impact older customers and increase vulnerability to technical issues. This decision highlights the gradual shift towards a cashless society in Australia, with cash payments falling from 59% in 2007 to 27% in 2019.